YCO_LIMITED - Accounts


Company registration number 05147033 (England and Wales)
YCO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
YCO LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 5
YCO LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr. J. Foster
Mr. G. Wright
Secretary
Mr. R. Crane
Company number
05147033
Registered office
Brigade House
8 Parsons Green
London
SW6 4TN
Accountants
Verallo
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
YCO LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2022
31 December 2022
- 2 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
3
1
1
Net current assets
1
1
Capital and reserves
-
-
Called up share capital
1
1

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 13 October 2023 and are signed on its behalf by:
Mr. J. Foster
Director
Company Registration No. 05147033
The notes on pages 4 to 5 form part of these financial statements
YCO LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022
- 3 -
Share capital
£
Balance at 1 January 2021
1
Year ended 31 December 2021:
Profit and total comprehensive income for the year
-
Balance at 31 December 2021
1
Year ended 31 December 2022:
Profit and total comprehensive income for the year
-
Balance at 31 December 2022
1
The notes on pages 4 to 5 form part of these financial statements
YCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 4 -
1
Accounting policies
Company information

YCO Limited (05147033) is a private company limited by shares incorporated in England and Wales. The registered office is Brigade House, 8 Parsons Green, London, SW6 4TN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
-
0
2
3
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
1
1
YCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 5 -
4
Clients' accounts

During the year ended 31st December 2022 the company operated designated client accounts for YCO SAM. The balances at 31st December 2022 were as follows:

2022
2021
£
£
Designated bank balances held on behalf of clients
30,235,324
21,591,681
Less: amounts owed to clients
(30,235,324)
(21,591,681)
Balance per accounts at 31st December 2022
-
0
-
0
5
Related party transactions

The company has taken advantage of the exemption allowed under FRS 102 s33. 1A not to disclose transactions with other wholly owned members of the group. false

6
Parent company

The company is under the direct control of Mr C. Birkett and Mr G. Wright, a director of the company.

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